This is to be payed by the buyer (me) at close of escrow ($395 is what I was quoted). This is in addition to the 3% to be payed by the seller. This came from a Prudential Realty CA agent. Is this common? Anyone heard of this before?
realtors try this all the time and call it an admin or processing fee. unless you agreed to it in wrting on buyer agency agreement then tell them to forget it. they cannot just add a fee that you never agreed to in writing.
this is a technique many realtors try with buyers now to earn a little extra money.
inexperienced buyers get nailed with this all the time. i wonder why real estate agents have bad reputations?
March 31st, 2010 at 11:50 pm
realtors try this all the time and call it an admin or processing fee. unless you agreed to it in wrting on buyer agency agreement then tell them to forget it. they cannot just add a fee that you never agreed to in writing.
this is a technique many realtors try with buyers now to earn a little extra money.
inexperienced buyers get nailed with this all the time. i wonder why real estate agents have bad reputations?
References :